Making Money Work For You
Apr 21, 2022
Bill Bloom is a man who's done it all. He started his first business at age 12 and now has over 30 years' experience as an entrepreneur, husband, father - not to mention driver of classic cars or podcaster on multiple topics including strategy!
Bill was a sports card salesman for many years, but he always had an entrepreneurial spirit. When Bill left his job in the industry and created several businesses to help people live their dreams through investments or retirement planning- it just felt right! Nowadays you can find him working hard on making sure that all of life's desires are fulfilled by providing customized plans designed around YOUR personal needs so you will be able create meaningful goals while being debt free with peace of mind because the Retire As You Desire lifestyle knows what matters most: Your happiness
If you’re trying to move from a busy entrepreneur to more free time, more fulfilment, more happiness, this is your episode!
Choosing The Right Clientele
As an entrepreneur, the right client can make your life easier. You need someone who understands what they want and communicates well so that you don't have any misunderstandings when it comes time for us to serve them. This also makes you more productive for those clients. A good client not only makes a difference for how well things go at work, but also impacts what kind of employee we are - both as an individual and professionally speaking.
How do you know if a client is the right client? Great question. Here’s a couple things to remember when assessing a potential client:
- Always have a clear vision of your goal for them. If you’re not clear and on the same page about what you’re achieving you’re in a recipe for disappointment from them and wasted time and energy on your part.
- It’s okay to say ‘No!’ If they’re not an ideal client, don’t go into it. Turning down the wrong clients gives you time and freedom for the right clients and we all know that “time is an asset!”
How To Make Money Work For You
When you are looking to venture into a new business or sell a business to create multiple income streams, the most important thing is to understand the differences between an evaluation standpoint and a cash-flow standpoint. Business evaluation is an analysis and review of the entire business, it helps determine the worth, merit and significance. This procedure helps reveal the cash-flow. It helps clarify the kind of business to go for and helps evaluate the profit or loss rate.
Bill shared a story of his Dentist - who is also his client. With Bill’s help, she ended up going into the office one day a week without losing any of her clients.
Sounds unreal right? Exactly!
Collaborating With People To Make Money Work For You
Believe it or not, we excel at two to three things. You can’t be good at everything. You just have to be honest with yourself and figure out what works for you. Here are guides to help you through:
- Be around people that excel in areas you’re less familiar with.
- Focus on your strengths. If you’re good with ideation but not implementation, find someone that excels at implementation to work with.
- It’s all about having the right people in the room.
- You want to have a self-managing company so that you work ON your business not IN your business.
Listen to the full episode with Bill here.
Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast.
If you want to find out how deal-ready you are, take the Deal-Ready Assessment today!
